Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the healthcare sector. This time, you get to discover 5 hand-picked startups developing elderly care solutions.
Global Startup Heat Map: 5 Top Elderly Care Solutions
The 5 healthcare startups you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally.
The Global Startup Heat Map below highlights the 5 healthcare startups & scaleups our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 78 companies we analyzed for this specific topic.
SafelyYou develops AI-based Fall Prevention Technology
One of the major concerns when caring for the elderly is the prevention of falls. As the human body ages, its capability to sustain the strain and stress from falls reduces. As a result, even a simple fall for an elderly person potentially results in major health consequences. To alleviate the physical, mental, and financial strains from accidental falls, startups are developing solutions to prevent accidental falls from occurring.
US-American startup SafelyYou develops healthcare solutions for the elderly. The system uses an AI-powered camera to monitor people and provide alerts when a fall is imminent or detected. The system does not require any wearables or external software to be downloaded which makes it easy to set up and use. The solution allows healthcare workers to monitor a larger group of elderly people in order to reduce injuries from accidental falls.
MotionAI develops an Elderly Movement and Activity Tracking Platform
Caring for the elderly is a task that requires constant monitoring. For many families and healthcare institutions, this level of personal care may not always be possible due to a number of factors. To solve these challenges, emerging companies develop monitoring solutions to anonymously track the movement and actions of the elderly, as well as provide alerts in the case of an emergency.
Australian startup MotionAI provides its users with sensors to detect motion and falls, paired with a smart suite to manage the alerts and information. The smart suite features an online dashboard where family or neighbors are added to notify them in case of a detected accident. Additionally, the application keeps track of a person’s daily activities such as sleep and bathroom schedules, visitor records, and outdoor activity.
Blue Orchid Care provides Mobility Devices for the Elderly
Medical devices that assist people range from simple aids such as walking sticks and canes to wheelchairs and more advanced solutions such as exosuits. Patient care for the elderly often requires a greater emphasis on providing lower body support as the patient’s leg muscles are not always able to support themselves. Startups are creating mobility devices that assist patients in standing up on their feet.
Canadian startup Blue Orchid Care manufactures an all-in-one mobility device for lift, transfer, assistive and restorative care. The device called ORCHIDlift is an active mobility device designed to assist the user to sit or stand by engaging their leg muscles. Besides, it has applications in strength training and also features a removable platform to aid healthcare workers in short-distance patient transfers.
Arcatron manufactures Motorized Wheelchairs for the Elderly
A great percentage of the global population suffers from some form of mobility impairment. For instance, elderly people are prone to movement impairments that affect their quality of life. As these disabilities are often naturally occurring due to muscle degradation, there are no permanent solutions that can solve these problems. However, novel products are being developed to provide movement-impaired people with devices that give them greater freedom of movement and improved quality of life.
Indian startup Arcatron manufactures wheelchairs for assisted and motorized movement. Their wheelchairs have features such as foldability for easy transportations, high durability, water-resistance, and protection to prevent staining as well as an easy tool-free assembly process. The startup’s products are designed to give their users a greater range of independent motion and activities.
Censon develops Wearable Healthcare Monitoring Devices
Wearable technology has seen significant advances in recent years with biosensors collecting a range of biometrics to generate extensive electronic health records. Remote medical solutions are using the data gathered by smart wearables to provide healthcare services at the convenience of the wearer’s home. Startups are utilizing wearable devices for the continuous monitoring of the elderly.
Canadian startup Censon develops wearable devices for remote patient monitoring. Their wearable devices track parameters such as blood pressure, body temperature, heart rate, sleep, and activity in real-time. They feature a medical-grade ECG chip and big data processing algorithms to provide accurate health assessments. The solution aims to solve challenges in areas such as senior care, mental health, women’s health, and nutrition.
Discover all Healthcare Startups
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